AKIBA Commercial Bank
AKIBA Commercial Bank commenced operations in August 1997 as an initiative of over 300 Tanzanian entrepreneurs who were mostly inspired to move into microfinance by the moral and political concern for the plight of Tanzanians, as opposed to the overall commercial attraction.
GROUP MICRO LOANS
Under this scheme, customers are able to borrow as little as TZS 20,000 and as much as TZS 5 million with no tangible securities other than their savings and the guarantees that members of the group give to each other. The total portfolio size currently stands at TZS … billion.
INDIVIDUAL MICRO LOANS
AKIBA’s individual micro loan is characterized by quick turn around time and flexible loan terms–more flexible than any of the products offered by its direct competitors. The minimum loan amount is TZS 200,000 and the maximum currently stands at TZS 10 million. Beyond this, customers graduate to SME loans and further to corporate loans and overdrafts depending on their working capital requirements.
Head Office
TELECOMMS
TDFL Building – Phase II
P.O. Box 669 Dar es Salaam,
Tanzania Tel: +255 22 2118340-3
Fax: +255 22 2114173
Email: akiba@cats-net.com
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